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Question - Beginning inventory of goods in process was 1,000 units that were 30% complete as to labor and overhead and 5,050 units were started during the period. Ending goods in process were 250 units, each 80% complete as to labor and overhead. Using the Weighted Average method to account for production, what are the equivalent units of production for labor and overhead?
a. 5,550
b. 5,800
c. 5,300
d. 6,000
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